Globalisation - Information for scholars

in #steemiteducation5 years ago

It is so much easier to be in contact with people these days.  Now matter where you live on Earth, if you have a cellphone or internet it is easy to stay in contact.  Ask your mom or dad or grandparents, this was not the way it was when they were young.  You could not reach somebody anytime or anywhere and there was no internet.

We had to post letters and use the landline.  Being in contact with people in other countries and importing and exporting goods were not as easy as it is today.

  • What is the difference between 'import and export'?

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'Globalization' is the connection between people all over the world, and it was there a long time ago as well, it is just so much easier now with the development of technology.  

You can now be in contact instantly and trading is easier as well as different cultures and believes and products has spread throughout the world from one country to another.  People are more aware of what is going on in other countries.

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There are certain things that makes globalization easier

The use of container ships make it easier to transport products to countries far away  and if you need to get products to another country quickly, you can use air travel which is getting much cheaper that in the 'olden days'.

Staying in contact through the internet also makes things much faster and easier and you can have a conversation in real time, you do not have to wait days for a reply from somebody.  

Even if people are in remote areas they can communicate via satellite phones and TV can keep you up to date on what is happening in other countries.

Social networks like 'facebook' also make it easier for people to advertise and stay up to date with new trends and products.

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Why is global trade necessary?

Why do you think it is necessary to trade with other countries?  

Imagine this.  Your country has no contact with other countries, you do not have enough coal to burn to generate electricity, you love eating fruits but your climate or ground is not right to plant certain fruits and you can only drive the one type of car that is made in your country.

That will be quite boring and the people will have to live without a lot of things, but if you are in contact with other countries that you can trade with, you can import products to your country that will help with the development of your country and also help the consumers and give them what they want and need.

You can also export your products to other countries that do not have it in their country and that way you can bring in extra money for the country.

There will also be a chance that a business from another country will start a business in your country and that way it is also job creation and bring in investments into your country that they can use for development and making the people's standard of living better.

All this trading will help that one country is not only dependent on itself and have to produce every thing itself or be without it.

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Countries will buy certain parts used to manufacture a product and then assemble the product themselves, like for instance parts of a car will be imported and then assembled.  Other products will be cheaper to just import the finished product.

A lot of countries benefit from 'global trading', but not all countries.  

Read more about the reason why countries trade here.

Watch the following video and answer the questions

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  1. Can you explain the word 'trade' in your own words.
  2. Was money always around?
  3. Why did people move from one place to another.
  4. What were the 'wants' of people long ago?
  5. Name a few examples of how man used nature to satisfy his needs.
  6. How did bartering start?
  7. Was currency used during bartering?
  8. What do you need to trade today?

                          

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